GMS Inc. (NYSE:GMS) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in GMS Inc. (NYSE:GMS – Get Rating) by 561.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,000 shares of the company’s stock after acquiring an additional 101,000 shares during the period. Renaissance Technologies LLC owned approximately 0.28% of GMS worth $4,761,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Point72 Hong Kong Ltd boosted its stake in shares of GMS by 41.1% in the second quarter. Point72 Hong Kong Ltd now owns 958 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the period. Captrust Financial Advisors boosted its stake in shares of GMS by 98.1% in the first quarter. Captrust Financial Advisors now owns 2,322 shares of the company’s stock valued at $116,000 after purchasing an additional 1,150 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of GMS by 29.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,505 shares of the company’s stock valued at $100,000 after purchasing an additional 569 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in shares of GMS in the third quarter valued at $109,000. Finally, Delphia USA Inc. purchased a new position in shares of GMS in the first quarter valued at $220,000. Institutional investors and hedge funds own 96.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of GMS from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 28th. Barclays increased their price objective on shares of GMS from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, March 6th. Royal Bank of Canada increased their price objective on shares of GMS from $51.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, December 9th. Robert W. Baird increased their price objective on shares of GMS from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. Finally, Stephens increased their price objective on shares of GMS from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, December 12th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.00.

GMS Stock Down 2.9 %

Shares of NYSE:GMS opened at $56.20 on Monday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 7.24 and a beta of 1.85. GMS Inc. has a 1-year low of $36.10 and a 1-year high of $62.19. The company’s fifty day moving average is $57.17 and its two-hundred day moving average is $50.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.58 and a current ratio of 2.53.

GMS (NYSE:GMS – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.01). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. GMS had a return on equity of 34.16% and a net margin of 6.28%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company posted $1.74 earnings per share. Equities analysts anticipate that GMS Inc. will post 8.92 EPS for the current year.

Insider Buying and Selling

In related news, Director John J. Gavin sold 9,816 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $60.52, for a total value of $594,064.32. Following the sale, the director now owns 15,513 shares of the company’s stock, valued at approximately $938,846.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director John J. Gavin sold 6,250 shares of the stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $52.15, for a total value of $325,937.50. Following the sale, the director now owns 26,229 shares of the company’s stock, valued at approximately $1,367,842.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John J. Gavin sold 9,816 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $60.52, for a total transaction of $594,064.32. Following the completion of the sale, the director now directly owns 15,513 shares in the company, valued at approximately $938,846.76. The disclosure for this sale can be found here. Insiders have sold a total of 18,468 shares of company stock valued at $1,062,921 in the last quarter. Company insiders own 1.60% of the company’s stock.

GMS Company Profile

(Get Rating)

GMS, Inc is a holding company, which engages in the distribution of wallboard and suspended ceilings systems and complementary interior construction products. It operates through the following segments: Geographic Divisions, Other, and Corporate. The firm offers ceiling products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.